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home / news releases / HWM - Why did Boeing shares jump today?


HWM - Why did Boeing shares jump today?

Boeing (NYSE:BA) surged 5.3% to top today's Dow Jones gainers following last night's Wall Street Journal report that current and former directors reached a settlement in a shareholder lawsuit that claimed the company's board failed to properly oversee 737 MAX-related safety issues. The news also lifted key Boeing suppliers including SPR +13.2%, TGI +11.5%, ATRO +7.9%, HWM +7.7% and HXL +7.4%. But Boeing also benefited from renewed hopes for a post-COVID air travel recovery, after Pfizer said interim data showed its COVID-19 pill reduced the risk of hospitalization or death by 89%, which boosted shares of classic reopening plays such as airlines. Pfizer board member Dr. Scott Gottlieb told CNBC that the pandemic could be over in the U.S. by January. Seeking Alpha contributor Dhierin Bechai recently wrote that Boeing revenues "suggest low-end pricing for aircraft."

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Why did Boeing shares jump today?
Stock Information

Company Name: Howmet Aerospace Inc.
Stock Symbol: HWM
Market: NYSE
Website: howmet.com

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